Centrally Located Parking Lot
For Sale
$899,500
Pending
921 I St, Tacoma, WA 98405
Parking lot near courthouse with residential development potential.
Property Size12,981 SF
Days on Market720
Property Features for 921 I St
General Information
Standard status
Pending
Size
12,981 SF
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
WINDERMERE ABODE
Listed By:
ETHAN WING
Source:
Corcoran
Added: Aug 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE ABODE
Investment Insights
Based on property information with market context.
This centrally located parking lot presents numerous opportunities. Zoned RCX, the site allows for construction up to 60 feet with no setbacks, and 75% or more of the building can be residential. The location is near the courthouse and jail, making it suitable for law offices, potentially with a live/work component. Situated two blocks from MLK Way, future tenants would be close to bars, restaurants, shops, and parks, with further development planned in the area. The light rail station at the corner of MLK and S 11th is three blocks away, providing convenient access to downtown. With easy access to I-5 and Highway 16, the Puget Sound area is easily accessible. The property size is 12981 square feet.
Key Highlights
- RCX Zoning allows for building up to 60' with no setbacks and 75% or more residential use.
- Prime location near the courthouse and jail, ideal for law offices or live/work spaces.
- Close proximity (2 blocks) to MLK Way and its ongoing development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,432
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 39%
Shops & Services 7%
McDonald's
Dining
28,302 visits/mo
0.2 miles
Safeway
Groceries
21,361 visits/mo
0.4 miles
Domino's Pizza
Dining
1,484 visits/mo
0.5 miles
U-Haul
Shops & Services
1,303 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,235 visits/mo
0.3 miles
Demographics for 98405, WA
24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Parking lot near courthouse with residential development potential.
Where is this commercial land located?
The property is located at 921 I St Tacoma, WA.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: RCX Zoning allows for building up to 60' with no setbacks and 75% or more residential use.; Prime location near the courthouse and jail, ideal for law offices or live/work spaces.; Close proximity (2 blocks) to MLK Way and its ongoing development.
